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ECONOMY
Adani Power buys Lanco’s Udupi thermal plant for Rs.6,000 crore
New Delhi Aug 13 :
Infrastructure major Lanco Infratech Ltd. wednesday said it has sold a 1,200 MW thermal power plant in Karnataka to Adani Power for about Rs.6,000 crore, in a move to cut its debt.
"For Lanco Infratech, this…
Tata Steel’s first quarter net profit up 67.24 percent
Mumbai, Aug 13 :
Steel major Tata Steel Wednesday reported an increase of 67.24 percent in its stand alone net profit for the first quarter of the current fiscal.
The company posted a net profit of Rs.2,267.98 crore for the quarter…
NALCO’s net profit up 69.68 percent
Mumbai, Aug 13 :
National Aluminium Company Wednesday reported an increase of 69.68 percent in it's net profit for the first quarter of current fiscal at Rs.270.99 crore.
The company had posted a net profit of Rs.159.70 crore for…
No foreign equity in multi-brand retail: Minister
New Delhi, Aug 13 :
Prime Minister Narendra Modi's government will not permit foreign equity in multi-brand retail trade, which was an assurance in the party's election manifesto, Commerce Minister Nirmala Sitharaman said Wednesday.…
Top stocks gainers, losers log huge margins on flat day
Mumbai, Aug 13 :
Though a key benchmark index ended flat Wednesday, there were some big gainers, rising more than 11 percent, as also some laggards that shed over 17 percent on a single day.
Among the top gainers Wednesday, Eicher…
Markets close flat, capital goods stocks down
Mumbai, Aug 13 :
A benchmark index of Indian equities markets closed Wednesday's trade flat - only 38 points or 0.15 percent up - even as capital goods, consumer durables and bank stocks fell.
However, healthy buying was observed in…
Maruti’s K-series engine crosses 25 lakh production mark
New Delhi, Aug 13 :
Passenger car manufacturer Maruti Suzuki Wednesday said its gasoline powered K-series engine crossed 25 lakh (2.5 million) production milestone early this month.
According to the company, the engine which powers…
New gas price by end-September: Minister
New Delhi, Aug 13 :
The government Wednesday said it will come out with a new natural gas pricing formula by end-September that would take into account the interests of investors and the public.
Petroleum Minister Dharmendra Pradhan…
Indians emerge top investors in central London realty
London, Aug 13 :
With an investment of $400 million, Indians are the largest buyers of land among overseas investors in central London, accounting for a 55 percent share in the second quarter of this year, says a leading commercial…
Coal India Q1 net profit grows 8 percent at Rs.4,033 crore
Kolkata, Aug 12 :
State miner Coal India (CIL) Tuesday posted an 8 percent growth in consolidated net profit at Rs.4,033 crore for first quarter ending June, as compared to Rs.3,731 crore in same quarter of the last fiscal.CIL net sales…